About GCMA

The Gulf Capital Market Association (GCMA) is the premier financial industry association that speaks with a single voice for the region’s growing capital market.

The Gulf Capital Market Association (GCMA) is the premier financial industry association that speaks with a single voice for the region’s growing capital market.  Founded in 2010, GCMA harnesses the expertise and energy of its members to strengthen the capital markets needed to support economic growth and transformation of the Gulf region.  In 2022, GBSA (The Gulf Bond and Sukuk Assocation), relaunched as GCMA (The Gulf Capital Market Association), extending its coverage from bonds and Sukuk to also include equity markets.

GCMA is led by President Michael P. Grifferty, a senior finance executive. The Association is guided by a Regional Board of Directors that provides strategic direction and financial oversight.  The 15 member Board is elected annually by voting members and is presided over by a Chairman.  GCMA is licensed by the Dubai International Financial Center as a Non Profit Incorporated Organization (NPIO).

Member firms are industry-leading issuers, asset managers, banks, investors, ratings agencies, legal advisors and market infrastructure providers.  GCMA members are from six countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.  In addition, members include firms serving the Gulf market from London, New York and other global financial centers.

We work with governments, central banks and regulators to strengthen markets.  GCMA’s committees, national chapters and working  groups gather market leaders around key issues in Islamic Finance, Public Debt, Fintech,  Infrastructure Finance, Investor Relations, Structured Finance, Regulation and Environmental, Social and Governance (ESG) investing.

GCMA sets market practices, facilitates communication with the global investment community and raises awareness of capital markets.  We provide platforms for targeted discussions and host prominent speakers, creating opportunities for members to gain market intelligence and build critical relationships.

GCMA coordinates with global and regional financial institutions including the International Monetary Fund (IMF), World Bank Group (WBG), Islamic Development Bank (IsDB), Arab Monetary Fund (AMF) and the European Bank for Reconstruction and Development (EBRD).

For further information: https://www.gulfcapitalmarket.org